When Do You Increase Your Collection Of Horses?
Owning a stable is one of the most vigorous, time consuming jobs. It is simply not feeding a string of horses. It involves a lot of manual labour, vigilance and care to maintain a string of horses.
Increasing your racehorse shares therefore is not something that you should do on a whim. You can either own a share of a horse or you may own a horse as a whole. But this is a decision that you, as a thoroughbred should take after thinking about all the below factors. When these factors come into perfect harmony, it is then the time to increase your collection of horses.
Do you have enough money?
If you are newcomer to a thoroughbred scene, the first thing that you should know is that it is not cheap. A good horse may cost you millions of dollars. This is just the buying price. After you have passed this hurdle, it doesn’t stop there. Then comes to cost of maintenance. The cost of maintaining a horse is higher than most people anticipate. Even though you put in the usual expenses for grooming and so on, there maybe unexpected expenses such as medication. When owning a horse of a good breed, one simply cannot depend on sub-class medicine. Your medicine will cost an arm and a leg, sometimes even more than your own medicine. The vet’s fees may be even more than a usual doctor’s fees. Therefore you need think of all this before you go ahead and purchase a horse or racehorse shares for sale.
Do you have the right horse?
Having the right horse is also important when it comes to increasing your shares. If you do not have the right horse, it is not the most sensible thing to purchase. A good horse needs to not only look good on paper, but also needs to feel right. Therefore, that connection needs to be there before you venture out and purchase a horse. Make sure that you actually see the horse before purchasing. Things such as thoroughbred auction online can be the most famous thing right now, but make sure that you see the horse before you purchase.
Do you have the capacity?
The next thing that you need to think about is whether you have the capacity to own another horse. For this you need to look at your time, your stable capacity and the strength of your workforce. If you have the money, but don’t have enough stable space, there is no point in buying a horse. All in all, make sure that you don’t purchase a horse because you can, but because you have a genuine requirement.